Exhibit 99.1 For immediate release ® Beyond Meat Reports First Quarter 2024 Financial Results EL SEGUNDO, Calif. — May 8, 2024 (GLOBE NEWSWIRE)—Beyond Meat, Inc. (NASDAQ: BYND) ("Beyond Meat" or "the Company"), a leader in plant-based meat, today reported financial results for its first quarter ended March 30, 2024. First Quarter 2024 Financial Highlights 1 • Net revenues were $75.6 million, a decrease of 18.0% year-over-year. • Gross profit was $3.7 million, or gross margin of 4.9%, compared to gross profi ...

Core Viewpoint - Beyond Meat is facing significant challenges, including declining revenues, high debt levels, and increased competition, leading to a substantial drop in stock price and underperformance compared to broader market indices [1][2][4]. Financial Performance - Beyond Meat's stock has decreased by 95% from $125 in January 2021 to approximately $8 currently, while the S&P 500 has increased by about 35% during the same period [2]. - The company is expected to report Q1 2024 revenues of around $70 million, which is below consensus estimates, and a 4% year-over-year decline in total revenues for FY2024, projected at $330 million [4][6]. - In Q4 2023, Beyond Meat reported a net loss of $155.1 million, translating to a loss per share of $2.40, compared to a loss of $1.05 per share in Q4 2022 [6]. Market Dynamics - High inflation has led consumers to be less willing to pay premium prices for plant-based products, contributing to a 23% year-over-year decline in retail sales and a 26% drop in restaurant and fast-food chain sales in the U.S. market [4]. - Despite price reductions, overall sales volumes fell by 7% in Q4 2023, with net revenue per pound down 17% year-over-year [4]. Strategic Decisions - The company has decided to discontinue its Beyond Meat Jerky products due to insufficient demand [1]. - Beyond Meat's gross margins have turned negative, with a -24% margin in 2023 compared to positive margins of 25% in 2021 and 30% in 2020 [6]. Debt and Valuation - Beyond Meat has $1.1 billion in debt and a limited cash runway of $206 million, down from $323 million at the end of 2022, raising concerns about solvency in a high-interest rate environment [1]. - The current valuation estimate for Beyond Meat is $7 per share, which is 15% lower than the current market price [3][7].

Volatility is rising in the stock market. Between the recent hot inflation data and mounting geopolitical tensions, investors are starting to reassess the broader economic environment. It seems that the Federal Reserve might not come through with previously anticipated interest rate cuts. This, in turn, has the potential to greatly reduce the speculative juices in the stock market. Throw in some softness in leading AI stocks, and the market’s red flags are mounting.Investors should be repositioning their po ...

Core Viewpoint - Concerns about a global recession suggest that divesting from certain Nasdaq stocks may be prudent, as some companies are both high-risk and overvalued [1][2] Group 1: Canopy Growth (CGC) - Canopy Growth has been experiencing significant losses, with a stock price that has dramatically declined over the years [3] - The company recorded nearly $1 billion in losses over the last 12 months and has $140 million in cash, alongside $446 million in debt [3][4] - Shareholder dilution has been substantial, with shares outstanding increasing by 70.58% year-over-year, raising financial risk for shareholders [4] Group 2: Beyond Meat (BYND) - Beyond Meat's stock price has plummeted due to mounting losses and declining sales, with a "Sell" consensus rating from analysts [5][6] - The full-year revenue forecast is between $315 million and $345 million, which is below the consensus of $343.8 million, and the company has a negative gross margin of 24.1% in 2023 [5] - Significant budget cuts of $70 million are planned for 2024, but the company has less than two years' worth of cash based on its current cash burn and over $1 billion in debt [5][6] Group 3: QuantumScape (QS) - QuantumScape is developing solid-state batteries but faces skepticism regarding its technology's viability and timeline, with no revenue or earnings reported [7][8] - The company has around three years of cash on its balance sheet before needing to raise capital again, relying on optimistic projections from Wall Street [7] - For 2024, QS plans to begin low-volume production of its QSE-5 prototype batteries, with projected capital expenditures between $70 million and $120 million and an adjusted EBITDA loss of $250 million to $300 million [8]

Beyond Meat produces meat alternatives, while Hormel's business is focused on traditional protein. Only one of these companies currently makes money.If you are the type of investor who likes to buy certain stocks when everyone else is selling them, then you will probably find Beyond Meat (BYND 0.16%) and Hormel Foods (HRL 1.05%) interesting. The problem with investing when there is so-called "blood in the streets," however, is making sure that you're not buying a company facing a very real risk of dying. Wi ...

Core Insights - Beyond Meat has launched its fourth generation of Beyond Burger and Beyond Beef, which are described as the most significant renovation in the company's history, focusing on improved taste and nutrition [1][4][6] Product Features - The new products contain 21g of plant-based protein per serving and only 2g of saturated fat, achieved by using heart-healthy avocado oil, which also enhances flavor [1][3][4] - The ingredient list has been simplified, with a 20% reduction in sodium compared to previous versions, and the removal of coconut and canola oils [3][4] - Consumer testing indicated a preference for the new flavor and texture, with 94% of registered dietitians at a recent conference enjoying the taste and recommending the product [1][2][3] Health Certifications - The new Beyond Burger and Beyond Beef have been recognized by leading health organizations, including the American Diabetes Association and the American Heart Association, for their nutritional benefits [4][5] - The products have also received the Good Housekeeping Nutritionist Approved Emblem and are the first plant-based meats to be Clean Label Project Certified [4] Marketing and Availability - The new products are being marketed with eye-catching gold packaging and are available at major grocery chains across the U.S., including Walmart and Whole Foods [1][7] - Beyond Meat is committed to improving human health and has established a multi-year agreement with the American Cancer Society to research plant-based meat and cancer prevention [6]

Progress may be more challenging for the company than some investors realize.Beyond Meat (BYND -3.91%) went from new industry darling to beaten-down stock over the past few years, and its shares are down a staggering 97% from the high they set soon after the 2019 IPO.The company has been reporting quarter after quarter of declining sales and steep losses, but investors cheered its fourth-quarter earnings report, sending the stock as much as 60% higher. Those gains were short-lived, however, and Beyond Meat ...

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Investors have a chance to buy Beyond Meat (BYND -6.28%) stock at close to fire-sale prices these days. Yet there's no shortage of reasons for this deep discount, which has shares trading at about half of their recent highs. The plant-based meat specialist was rocked by slumping demand following the pandemic-era sales spike. Consumers in the past year haven't been motivated by big price cuts on its meat substitute products, either. Sales are sinking and losses are mounting.That might not sound like a recipe ...

Beware of falling for value traps! In today’s challenging market environment, some stocks may look enticingly cheap on the surface. But if you peer a little deeper, you’ll realize many of these companies are just barely staying afloat, waiting out their last days or hoping for a miracle turnaround. While many startups stand little chance of survival in the coming years, these public companies have continued to hang on by diluting their shareholders by executing constant reverse splits.These are not business ...